Military Satellite Market Size

Military services are focused majorly upon satellite-based communications, one which aid in providing precise pictures of the battlefield. Military satellites also help the troops to exchange videos, images, and voice messages, and also offers high-quality information exchange even in remote areas. The military satellite market is anticipated to grow during the forecast period between 2018 and 2023 and garner a CAGR of 6%.

MRFR reports that increasing investments in SATCOM, growing investments in ISR payloads, and the ameliorating demand for these satellites to be the major driving factors of the global market.  However, it is also reported that the high pricing associated with the procurement, development, and the launch of remote sensing satellites to be some of the major challenges for international space agencies, one which can cause the growth of the market to decline.

Competitive Landscape

The global Military Satellite Market comprises both prominent and emerging players. MRFR identifies and names some of them in its recently published report. This includes, Lockheed Martin (U.S), Boeing (U.S), SpaceX (U.S), ViaSat (U.S), Israel Aerospace Industries (Israel), Northrop Grumman (U.S), Orbital ATK (U.S), Raytheon (U.S), Thales Group (France), Airbus Defense Space (Germany), and others.

Thales Group and Northrop Grumman stand atop of the global market as the two leading players and competes against one another in terms of technology, price, and quality. Both the leading players primarily focus on using more lightweight materials, electric technologies, and robust systems. Another key player in the global market is Lockheed Martin. The company is one of the main contractors of some of the major US military satellite programs.

Market Segmentation

The global military satellite market segmentation is done in terms of type and system to gain a proper overview of the market.

By type, the market includes communication, intelligence, navigation, and Surveillance, Reconnaissance (ISR),

By system, the market segments into EO/IS, Radar, and SATCOM.

Regional Analysis

The global military satellite market is regionally distributed across a number of key regions. The regions covered in the study include the Americas, Europe, Asia Pacific, and the Middle East Africa.

The military satellite market, as mentioned beforehand, is poised for considerable growth over the forecast period. A major portion of this growth is contributed by the Americas. The Americas comprising both the North and South America leads the global market landscape with the highest percentage to its name. Countries like the US, Mexico, and Brazil are the major contributors to the growth of the American regional market of military satellite services. Irrespective of the budget cuts imposed by the US government to its defense sector, the demand for satellite has managed to remain stable and consistent. The demand for satellite is expected to witness an annual growth in the US. The factors responsible for this yearly growth of the market is educational programming and broadcast services, development and training of unmanned systems, naval fleet support, and border and maritime security.

Elsewhere, the European satellite telecommunications market has significantly transformed in recent years. The satellite industry in Europe is experiencing continuous advancements. The advancements include the use of new frequencies and signal transmission methods and techniques. This has led to the emergence of new services and maintenance and made the usage of satellite much more appealing herein. Major economic countries like the UK, Germany, and France are putting massive efforts towards the growth of European military satellite market. They are doing so by investing at a massive scale in the market.

Industry Updates

May 5th, 2019, a rocket from the Rocket Lab Electron made the successful launch of three US military satellites in New Zealand for the Defense Department as an effort by the army to demonstrate responsive launch.  

April 1st, 2019, the Indian Space Research Organization, aka ISRO, launched its military satellite with an aim of detecting enemy radars, devices, and sensors.

Global Military Satellite Market Research Report: by Orbit Type (Low Earth Orbit, Medium Earth Orbit and Geosynchronous Orbit), Payload Type (Communication Payload, Navigation Payload, Imaging Payload and Others), Satellite Type (Small Satellite and Medium-to-Heavy Satellite), System (Electro-Optic/Infrared Sensor (EO/IS), Radar and SATCOM), Application (ISR, Communication and Navigation) and Region (North America, Europe, Asia-Pacific, Middle East Africa and Latin America) - Forecast till 2027 @ https://www.marketresearchfuture.com/reports/military-satellite-market-1253

Related Links:

• In-Flight Catering Service Market by Aircraft Class (First Class, Business Class, Premium Economy Class, and Economy Class), by Flight Type (Full Service and Low Cost), by Catering Type (Bakery Confectionary, Meals, Beverages and others) and by Geography - Forecast To 2027
• Aircraft Aftermarket Parts Market: Information By Parts (MRO Parts, Rotatable Scrap Replacement Parts, Consumable, Expendable), By Application (Commercial and Military) - Forecast till 2027
• Electronic Warfare Market Research Report: Information By Category (Electronic Attack (EA), Electronic Support (ES) and Electronic Protection (EP)), Product (Jammers, Countermeasure System, Decoy, Directed Energy Weapon, 2G Antennas, 3G Antennas, 4G Antennas, 5G Antennas and Others), Platform (Land-based, Airborne and Naval) and Region (North America, Europe, Asia-Pacific, Latin America and the Middle East Africa) - Forecast to 2027

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com